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People's Daily Online>>China Business

China sets goals for development of commerce

By Zhang Yixuan (People's Daily Overseas Edition)

16:14, January 06, 2012

Edited and Translated by People's Daily Online

The Ministry of Commerce of China has set the guidelines, goals, main tasks and key jobs for China's development of commerce in the 12th Five-Year Plan, according to information from the ministry.

First, China will fundamentally establish a modern domestic circulation system. The overall domestic market size will expand gradually and rank in the front row in the world.

The total retail sales volume of social commodities will increase by about 15 percent annually and reach 32 trillion yuan in 2015.

The total sales volume of production goods will increase by about 16 percent annually and reach 76 trillion yuan in 2015.

A modern urban circulation system will be established fundamentally and the construction of the rural marketing network will make a significant progress.

Second, the structure of China's foreign trade development will be significantly optimized. The import and export volume will increase by about 10 percent annually and reach 4.8 trillion U.S. dollars in 2015.

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